India's Reliance Industries, operator of the world's biggest refining complex, posted a record net profit on Thursday as strong growth in retail and telecom businesses offset the impact of 17-quarter low refining margins.
* Jet to continue working with banks; confident it will fly
MUMBAI/NEW DELHI Embattled Jet Airways halted all flight operations indefinitely on Wednesday after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline.
MUMBAI Indian companies are lining up to seek dollar-denominated debt as global interest rates soften, but only a few are likely to find it as foreign investors remain wary about the credit quality of many, bankers say.
* Indian companies are queuing up in bid to raise dollar
MUMBAI, April 3 The flagship lending unit of
India's Infrastructure Leasing & Financial Services Ltd (IL&FS)
has seen 90 percent of its loans go sour, a company executive
said on Wednesday, as the current management tries to recover
dues from external agencies to pay its debt.
DUISBURG, Germany/MUMBAI Steel workers at Thyssenkrupp expect substantial guarantees for jobs and plants even if a planned joint venture with India's Tata Steel falls apart, the head of Thyssenkrupp Steel Europe's works council said on Wednesday.
MUMBAI India's Supreme Court on Tuesday quashed a Reserve Bank of India circular on resolving bad debt, providing relief for some major corporate defaulters but throwing the country's still nascent bankruptcy regime into question.
GMR Infrastructure said https://bit.ly/2UbRphT a consortium of Tata Group, an affiliate of Singapore's sovereign wealth fund GIC, and SSG Capital Management will invest 80 billion rupees ($1.16 billion) in GMR Airports Ltd, which operates India's biggest airport in New Delhi.
* PE investors in GMR Airports get exit option
(Adds details of deal, updates shares)